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Sep 14, 2017
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. —— there has been a problem with a glitz with equifax. what more do we know? there is a certain piece of software used by equifax and several other companies. in march there was a vulnerability discovered. a catch that they had to close. that patch was made available backin close. that patch was made available back in march. many firms rushed to be able to update their information but it seems that equifax was not as quick to update the information, it was left vulnerable for a longer period of time. what more do we know about whether uk customers have been affected. many are still in the dark about this? that's right. so there is still a lot of question on the part of the uk customers about how much of the uk customers about how much of their information has in fact been breached. for american customers, what people here can do they can go to the website, you put in some information and it let's you now how likely it is that your information has been compromised. but key to be able to find out that information is using what is called a s
. —— there has been a problem with a glitz with equifax. what more do we know? there is a certain piece of software used by equifax and several other companies. in march there was a vulnerability discovered. a catch that they had to close. that patch was made available backin close. that patch was made available back in march. many firms rushed to be able to update their information but it seems that equifax was not as quick to update the information, it was left vulnerable for a longer...
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Sep 8, 2017
09/17
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equifax is one of three credit reporting agencies in america. they collect financial data into build a credit score. people need this in order to buy a car score. people need this in order to buya caror score. people need this in order to buy a car or house or apply for a student loan, for example, to which we imported. with143 million people potentially affected by this information breach, that's about half of the us population. the hackers targeted wings like names, addresses, birthdays, driving licence numbers, social security numbers and about 200,000 americans also saw their credit card numbers taken. so the ceo of the company has apologised for what he called a disappointing event, but it will ta ke disappointing event, but it will take a long time to recover from this and assure customers that they can protect their information online. quite a worrying development. thank you. in other news, japan's government has revised the economy's growth rate in the second quarter. gross domestic product rose by 2.5% in the three months to june, domes
equifax is one of three credit reporting agencies in america. they collect financial data into build a credit score. people need this in order to buy a car score. people need this in order to buya caror score. people need this in order to buy a car or house or apply for a student loan, for example, to which we imported. with143 million people potentially affected by this information breach, that's about half of the us population. the hackers targeted wings like names, addresses, birthdays,...
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Sep 8, 2017
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equifax find out about it on july month ofjuly. equifax find out about it onjuly 29, but we are only hearing about it now. thank you very much forjoining us. there has been a slowdown in the uk's construction sector. 0utput fell by 1.2 % in the three months to the end ofjuly after a drop in new work coming through. orders for new housing projects fell by 4.9 % while all other work fell by 9 %. earlier, sarah mcmonagle, from the federation of master builders, had this to say. slowdown is quite concerning. we know that the contraction over the last few was largely driven by contraction in repair and maintenance work, the part of construction that looks after domestic refurbishment, and so the kinds of work consumers might commission on their homes, extensions, loft conversions, that sort of thing, so we think this could be partly driven by the increase in material prices. since the eu referendum last year lots of material prices have shot up, so things like timber are really expensive now compared to what they we re over expensive no
equifax find out about it on july month ofjuly. equifax find out about it onjuly 29, but we are only hearing about it now. thank you very much forjoining us. there has been a slowdown in the uk's construction sector. 0utput fell by 1.2 % in the three months to the end ofjuly after a drop in new work coming through. orders for new housing projects fell by 4.9 % while all other work fell by 9 %. earlier, sarah mcmonagle, from the federation of master builders, had this to say. slowdown is quite...
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Sep 13, 2017
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"equifax fails to protect info of 143 million people—now we're hearing execs sold off stocks. unbelievable. there must be an investigation." let's get more on this with michelle fleury in new york. why are senators so angry? this has certainly sparked a lot of outrage, 36 senators, that is how many have called on federal authorities to investigate what they see as the sale of almost $2 million in shares of the credit bureau aqua facts by company executives. what sparked the anger is that the sale occurred after a massive data breach which saw the information, importing credit information of millions of americans, stolen. they said there was a time lag between the company learned of this hack and when they made it public, that the share sales took place. they think it smells a little fishy, they are asking the us department ofjustice, the securities and exchange commission, which regulates the sale of stocks and shares in companies and also the federal trade commission to look into this. we will wait to see the results. the fcc was not commenting but it had a negative impact on
"equifax fails to protect info of 143 million people—now we're hearing execs sold off stocks. unbelievable. there must be an investigation." let's get more on this with michelle fleury in new york. why are senators so angry? this has certainly sparked a lot of outrage, 36 senators, that is how many have called on federal authorities to investigate what they see as the sale of almost $2 million in shares of the credit bureau aqua facts by company executives. what sparked the anger is...
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Sep 8, 2017
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feel more cottrell with bt and british gas, but this data is held by another company, a us company, equifax, so it is all about how our data is used, the integrity of the data, and it is still not clear what exactly has happened. the information commission is looking at it. this is 143 million customers in the us. this took place in may, and we are onlyjust hearing about it. this is the thing that people are fearful of giving information, because they don't trust these companies, they don't trust computers, and when things at this happen, it reinforces that thinking of is this safe, and my vulnerable here? they don't know. let's move on to the guardian, desmond tutu break silence to attack aung san suu kyi, and we have had malala yousafzai also expressing consternation that aung san suu kyi seems to be presiding over these military led operations against the rohingya minority in the wacky —— rakhine state. teller macro the difficulty of aung san suu kyi being in this position, it is challenging to all of us, we have held up as a heroine for the stand she took for democracy and the sacri
feel more cottrell with bt and british gas, but this data is held by another company, a us company, equifax, so it is all about how our data is used, the integrity of the data, and it is still not clear what exactly has happened. the information commission is looking at it. this is 143 million customers in the us. this took place in may, and we are onlyjust hearing about it. this is the thing that people are fearful of giving information, because they don't trust these companies, they don't...
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Sep 8, 2017
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the american credit rating giant equifax says its computer systems have been hit by hackers potentially affecting 143 million customers across the us. the company says the hacking took place between may and july of this year. the hackers stole data including names, addresses and social security numbers. some british and canadian accounts could also have been affected. let's see how the markets have been getting on and asian markets are still currently trading, they are a bit mixed, there they are, the hang seng up, the nikkei down because the yen is still strong and the nikkei is stuffed full of exporters were the strong yen makes their items more expensive for foreign companies. let's look at wall street, it held steady yesterday, not a lot of movement. waiting to see what happens with the hurricanes. that's it from me. don't forget you can get in touch with me and some of the team on twitter, i'm @bbcrachelhorne. a review of the criminaljustice system in england and wales has concluded that people from black, asian and minority ethnic backgrounds are still facing bias and overt discri
the american credit rating giant equifax says its computer systems have been hit by hackers potentially affecting 143 million customers across the us. the company says the hacking took place between may and july of this year. the hackers stole data including names, addresses and social security numbers. some british and canadian accounts could also have been affected. let's see how the markets have been getting on and asian markets are still currently trading, they are a bit mixed, there they...
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Sep 8, 2017
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the credit rating giant equifax says its computer systems have been hit by hackers. it means more than 140 million customers across the united states may have had data compromised which includes addresses and social security numbers. the company said its main credit rating databases weren't affected. the world's biggest internet retailer amazon has announced plans to build a second headquarters in north america. it's sparked fierce competition from cities including toronto, texas and chicago who are all keen to attract the $5 billion investment the company is promising. -- £3.8 —— £3.8 billion dollar investment. and china's imports grew by more than was expected in august. the boost of more than 13% suggests the world's second biggest economy is still expanding. but the news wasn't so good when it came to exports. they only picked up by 5.5% thanks to weak global demand. let's check in with the financial market now shares in insurers are holding up despite the onslaught of hurricane irma and the storm harvey partly due to the large capital buffers they have bui
the credit rating giant equifax says its computer systems have been hit by hackers. it means more than 140 million customers across the united states may have had data compromised which includes addresses and social security numbers. the company said its main credit rating databases weren't affected. the world's biggest internet retailer amazon has announced plans to build a second headquarters in north america. it's sparked fierce competition from cities including toronto, texas and chicago...
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Sep 9, 2017
09/17
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the fallout from equifax. the data of 143 million customers may be compromised by a massive data breach at one of the largest credit monitoring agencies. we discussed the unprecedented damage control operation underway and the potential risks ahead. china's cryptocurrency coup de grace. after dealing the market a major blow, chinese regulators behind the great wall. we examine the ripple effects. with just a few days to go until apple's most significant product launch in years, we will preview the event and new technology. first to our lead. the massive cyber attack on the facts may have compromised the privacy of more than 140 million u.s. customers or half the u.s. population. the stock plunged nearly 13% today amid mounting outrage over the breach. thursday evening, a proposed class-action lawsuit was filed in oregon in federal court alleging equifax was negligent in failing to protect consumer data. there is news executives sold nearly $2 million in corporate stocks before disclosing the attack. it is one
the fallout from equifax. the data of 143 million customers may be compromised by a massive data breach at one of the largest credit monitoring agencies. we discussed the unprecedented damage control operation underway and the potential risks ahead. china's cryptocurrency coup de grace. after dealing the market a major blow, chinese regulators behind the great wall. we examine the ripple effects. with just a few days to go until apple's most significant product launch in years, we will preview...
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Sep 12, 2017
09/17
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i think equifax is 9.9 with a 2.0 response. emily: what kind of cyber crime will follow this equifax attack? what is happening now? >> we have to be really careful. you can always look back to previous breaches and use that as a threat model to see what could happen. if you recall the ashley madison breach, there were a lot of things that happened. one of those was the follow-up of fraudulent emails or extortion to get information out of people worried about their dating preference or infidelity or lack thereof. when we look at equifax, you will see a lot of interesting things. you will see potential phishing emails, fake websites asking you to validate your social security number to tell you if you have been breached. in actuality, you are breaching yourself. you want to be really careful about the next few days and weeks and carefully assess phone calls, emails, and websites you visit in terms of validating any particular threat. another thing you want to think about as you are looking at this is all of your inventory a very
i think equifax is 9.9 with a 2.0 response. emily: what kind of cyber crime will follow this equifax attack? what is happening now? >> we have to be really careful. you can always look back to previous breaches and use that as a threat model to see what could happen. if you recall the ashley madison breach, there were a lot of things that happened. one of those was the follow-up of fraudulent emails or extortion to get information out of people worried about their dating preference or...
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Sep 11, 2017
09/17
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when we look at equifax, you will see a lot of interesting things. you will see potential phishing asking youe websites to validate your social security to tell you if you have been breached. in actuality, you are breaching yourself. you want to be really careful about the next few days and weeks and carefully assess phone calls, emails, and websites you visit in terms of validating any particular threat. another thing you want to think about as you are looking at this is all of your inventory a very sensitive emails, bank logins, or anything financial. really think about if you have reset your password, the type of questions you use. look at that in retrospect and think about if you use your birthday to reset your email or any of the questions that could potentially be in this breach. in terms of financial, do i use my social security number? does the company i call use the social security number to authenticate me? the individuals and businesses dealing with this need to think about introducing authentication measures as a response to this particul
when we look at equifax, you will see a lot of interesting things. you will see potential phishing asking youe websites to validate your social security to tell you if you have been breached. in actuality, you are breaching yourself. you want to be really careful about the next few days and weeks and carefully assess phone calls, emails, and websites you visit in terms of validating any particular threat. another thing you want to think about as you are looking at this is all of your inventory...
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Sep 8, 2017
09/17
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the question is, what is equifax doing with credit card numbers? the answer seems to be it is the service that is supposed to protect you that the hackers may have hacked, a bit of irony. is now doing is trying to put into place a couple of immediate steps for consumers. is so large, a certain amount of free credit monitoring is being offered. protect your identity by watching things like if people try to use your social security number to open accounts. the other thing is they are going to allow you to freeze access to the credit reports , which peopleout do in very high security situations because they don't want people to be able to fake who they are. but the problem is that leaves the other two credit rating agencies, and because they collect all of this information, it leaves those stores open. a sobering picture. thank you. coming up, the white house considering at least a half-dozen candidates to be head of the fed. we will talk about it. ♪ funny: it is 1:00 in a washington -- julia: it is 1:00 in washington. i am julia chatterley. ." come
the question is, what is equifax doing with credit card numbers? the answer seems to be it is the service that is supposed to protect you that the hackers may have hacked, a bit of irony. is now doing is trying to put into place a couple of immediate steps for consumers. is so large, a certain amount of free credit monitoring is being offered. protect your identity by watching things like if people try to use your social security number to open accounts. the other thing is they are going to...
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Sep 8, 2017
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equifax is dealing with a massive data breach with as many as 140 million people exposed. how safe are the credit bureaus going forward, and is there anything affected users can do? we are 30 minutes into the trading day into the u.s. and a bit of a risk off tone is the right way to describe it. it is pretty small. >> we are looking at small moves for the major averages. a mixed point at this point -- picture at this point. really tells us investors remain uncertain about so many macro concerns out there, from geopolitical concerns, uncertainty in d.c., watching hurricane irma and the impact force since -- four sections in the financial market. believes that in the relatively near term, we are going to see new highs for the major averages. despite the bearish activity that julie was talking about, over the medium-term, new h ighs. we will see if that happens. kroger down 6% after the grocery store beat sales estimates. but they abandoned the practice of providing longer-term guidance. it is thought this has to do with the competition of amazon coming on. investors not liki
equifax is dealing with a massive data breach with as many as 140 million people exposed. how safe are the credit bureaus going forward, and is there anything affected users can do? we are 30 minutes into the trading day into the u.s. and a bit of a risk off tone is the right way to describe it. it is pretty small. >> we are looking at small moves for the major averages. a mixed point at this point -- picture at this point. really tells us investors remain uncertain about so many macro...
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Sep 8, 2017
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it is about equifax. three executives at the company selling their shares or selling some shares of the company. that was on august 1. we now have this big drop in the that 143his revelation million people's data might have been compromised. you can see this insider sales, and this shows the now 15% or so drop we have seen since the executives sold. a spokesperson said the three sold a small percentage of their equifax shares and had no knowledge that an intrusion had occurred at the time. the cfo among the folks that sold shares. mark: julie, timely equifax. abigail, death cross. it has to be a tie. coming up, apple getting ready for its big iphone revealed tuesday. don't miss it. ♪ jonathan: from new york city, i'm jonathan ferro. this is "bloomberg real yields." ♪ jonathan: coming up, congress clears legislation to extend the u.s. debt limit. president trump would like to scrap it altogether. synchronized growth story does not seem as with the bond market. 2018 looks increasingly uncertain. the ecb
it is about equifax. three executives at the company selling their shares or selling some shares of the company. that was on august 1. we now have this big drop in the that 143his revelation million people's data might have been compromised. you can see this insider sales, and this shows the now 15% or so drop we have seen since the executives sold. a spokesperson said the three sold a small percentage of their equifax shares and had no knowledge that an intrusion had occurred at the time. the...
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Sep 8, 2017
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did equifax not properly all the data, encrypted data? the first indication was a simple web app vulnerability. that is one thing, it is hard to fight of all the attacks, but that should not be able to get 143 million customer data. they're all to be a lot of safeguards. if that is not happening, that will go into a civil suit. jonathan: appreciate your insight. thank you very much. we are 14 minutes into the session. a slight move to the downside. off by .1% on the dow. potentially closing out the week with a week of losses on the s&p 500. from new york, you are watching bloomberg. ♪ >> this is bloomberg daybreak. coming up today, robert tipps joins us on bloomberg real yield. it is the story over the next 72 hours, hurricane irma. ityou look at the bloomberg, shows the path of the hurricane. downgraded to a category four but was still hit miami over sunday and monday, and what will be the ramifications of that? we are seeing lots of video of lines at gas stations all over florida. florida gets 90% of its gasoline through barges. everg
did equifax not properly all the data, encrypted data? the first indication was a simple web app vulnerability. that is one thing, it is hard to fight of all the attacks, but that should not be able to get 143 million customer data. they're all to be a lot of safeguards. if that is not happening, that will go into a civil suit. jonathan: appreciate your insight. thank you very much. we are 14 minutes into the session. a slight move to the downside. off by .1% on the dow. potentially closing out...
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Sep 8, 2017
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equifax at a security breach affecting 140 million consumers. hackers got access to names, addresses, and social security numbers. however, the initial target may have been credit card numbers. the company is offering free monitoring and identity theft protection. that is your business flash update. some irony in there. then you have to have a login and password, and that is at risk again. exquisitelying through bloomberg reporting that three executives sold their shares worth almost $1.8 million in the days after the company discovered the breach. there is the timeline. the attack was discovered july 29. august 1 and second, three executives sold a portion of their shares. then to others the following day. a spokeswoman for the company said in a statement none of the executives had any knowledge that the intrusion had occurred, that they were not informed of the intrusion. julia: so the attack was discovered on july 29 but the cfo did not know when he was selling things a few days later? to investigate the reporting line if they have a cyber se
equifax at a security breach affecting 140 million consumers. hackers got access to names, addresses, and social security numbers. however, the initial target may have been credit card numbers. the company is offering free monitoring and identity theft protection. that is your business flash update. some irony in there. then you have to have a login and password, and that is at risk again. exquisitelying through bloomberg reporting that three executives sold their shares worth almost $1.8...
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Sep 9, 2017
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. >> one of the most extensive cyber security breaches in history, equifax hit with a cyber attack that left almost half the u.s. population exposed. >> one of the things that is almost certain, when this breach was announced, equifax tried to get all of their ducks in a row, but there is a lot of information that has not come out yet. when the hack was discovered, we don't know if that means that the data left of the system. they may have discovered malware on the system. there is a lot of stuff at play. given the selloff of shares by the executives, there's going to be a demand to know the timeline. companies don't like giving that information out. >> at the same time, we had civil lawsuits filed yesterday. how much more can we expect of that, and do you have any idea of the kind of money we are talking about? >> these incidents make consumers angry, and civil lawsuits follow. an attack like that shouldn't be able to get 143 million customer data; there ought to be a lot of safeguards, and if that is not happening, that will go into a civil suit. ♪ ♪ matt: welcome back to "bloombe
. >> one of the most extensive cyber security breaches in history, equifax hit with a cyber attack that left almost half the u.s. population exposed. >> one of the things that is almost certain, when this breach was announced, equifax tried to get all of their ducks in a row, but there is a lot of information that has not come out yet. when the hack was discovered, we don't know if that means that the data left of the system. they may have discovered malware on the system. there is...
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Sep 8, 2017
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tom: full disclosure, folks, i use equifax all the time. michael riley, equifax needs money. they make $.37 on the dollar as an operating income. if they are making all the money , why can't they stop the bad guys? michael: it is hard to stop the bad guys all the time, but equifax has a pretty lousy record. this is not the first major breach they have had. they have been hit a couple of times. it seems to come from a web application vulnerability, which is, in cybersecurity terms, a pretty simple thing. the problem is not that they were able to get in but they were able to get in three simple, unless door and then get a huge amount of data. have to protect the crowd jewels like this, they cannot wrap everything, and apparently they did not. tom: michael riley, your free time, write something for businessweek." we look forward to hearing from you on cybersecurity. how about single best chart? it is weak dollar. it is a gorgeous, elegant chart. schnider, everyone on the floor has to deal with this, a weak dollar. this is not so much about the weak dollar -- tom: i will go with
tom: full disclosure, folks, i use equifax all the time. michael riley, equifax needs money. they make $.37 on the dollar as an operating income. if they are making all the money , why can't they stop the bad guys? michael: it is hard to stop the bad guys all the time, but equifax has a pretty lousy record. this is not the first major breach they have had. they have been hit a couple of times. it seems to come from a web application vulnerability, which is, in cybersecurity terms, a pretty...
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Sep 8, 2017
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three senior executives at equifax sold shares in the days after the company was struck by a massive cyber attack. 140 3 million american customers are thought to have been affected by the security breach, which was discovered by equity facts -- by equifax at the end of july, but just reported yesterday. confidence, a chinese joining --maker is line the ceo spoke to bloomberg. mobile phones have seen very fast growth. i am happy to see that the first half of this year, mobile phone shipments to china internationally increased with the average price. juliette: that is your bloomberg business flash. anna: thank you very much. a weaker pound is failing to boost u.k. growth, according to the british chamber of commerce. the business group downgraded its medium-term outlook for the economy in a report released today. a weaker than expected contribution from trade and reduced consumer spending. to thanosback vamvakidis. when you look at what the weakness in the pound has done to the u.k. economy, many voices in support of brexit have suggested that part of the boost to the u.k. economy wou
three senior executives at equifax sold shares in the days after the company was struck by a massive cyber attack. 140 3 million american customers are thought to have been affected by the security breach, which was discovered by equity facts -- by equifax at the end of july, but just reported yesterday. confidence, a chinese joining --maker is line the ceo spoke to bloomberg. mobile phones have seen very fast growth. i am happy to see that the first half of this year, mobile phone shipments to...
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Sep 14, 2017
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-- after at what equifax's security breach. ipo mightsaudi aramco "i'm trying to push it for 2017. it will benefit the saudi economy as a whole. without a doubt, it will be in the market by 2018." here's what the ceo said earlier this year. go late 2018. to i would say in the second half of 2018. alix: now, it could be 2019. javier blas. why the potential pushback? taking a longer time for the government -- they have not decided where they will lease saudi aramco outside riad. they want an international leasing. a decision has not been taken and that's having a knock on effect on everything else. it is possible in 2018, but everyone involved in the ipo process, there's a growing it is lookingat increasingly tight today and in the late may be needed -- a delay may be needed. alix: why is it so hard to choose in exchange? -- an exchange? >> the preference of the saudi authorities would be new york. there are political considerations. you have legal complexities of leasing in new york. they potentially could go to london. here in
-- after at what equifax's security breach. ipo mightsaudi aramco "i'm trying to push it for 2017. it will benefit the saudi economy as a whole. without a doubt, it will be in the market by 2018." here's what the ceo said earlier this year. go late 2018. to i would say in the second half of 2018. alix: now, it could be 2019. javier blas. why the potential pushback? taking a longer time for the government -- they have not decided where they will lease saudi aramco outside riad. they...
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Sep 10, 2017
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equifax may not have adequate insurance against cyber breaches . it was one of the biggest tax in history. -- hacks in history. thanxpenses may be more what it will have to pay. 143 million consumers were affected at risk. china announcing plans to phase out fossil fuel powered cars. what that means for the auto industry. this is bloomberg. ♪ haidi: it is 9:30 monday, the start of a brand-new trading week shaping up to be a beautiful spring week. 30 degrees celsius. we are 30 minutes out from the start of trading when it comes to asia's first major market. sydney stocks are seeing a downside at the open, but we did have more risk appetite from the u.s. session, in particular when it comes to events of the weekend and hurricane irma does continue to batter the course -- coast of florida but has been revised down. we are looking at a mixed open but more outside then we are anticipating. betty: that is right. , it is beautiful, other major markets around the world like sydney and tokyo and fallork, it was a gorgeous afternoon, beautiful sunset, 7:30
equifax may not have adequate insurance against cyber breaches . it was one of the biggest tax in history. -- hacks in history. thanxpenses may be more what it will have to pay. 143 million consumers were affected at risk. china announcing plans to phase out fossil fuel powered cars. what that means for the auto industry. this is bloomberg. ♪ haidi: it is 9:30 monday, the start of a brand-new trading week shaping up to be a beautiful spring week. 30 degrees celsius. we are 30 minutes out from...
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Sep 8, 2017
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abigail: we do have big movers on the day starting out with equifax. down 13%, its worst day since 1999. there was a massive online security breach of the credit bureau. hackers may have gotten the information on as many as 143 million. and there is evidence executives sold shares the day after the hack. investors clearly not liking any of it. turning to big movers, read resources down 7%. emp downgraded to neutral. it is now down to 52% this year. freeport mcmoran having a rough day, down 6%. copper down 3% on the day. they say that is about profit taking. copper had been doing well this year. take a look at xl capital and chubb. investors not worried about irma . chubb action higher on the week. joe: let's take a look at the u.s. government bond market, the two-year and 10 year. yesterday we saw a dramatic move lower in government bond yields everywhere. some of that after dovish fed comments. two-year yields unchanged at 1.27%. %.-year at 2.06 scarlet: u.s. dollar now down for a seventh straight day. not a fresh 32 month low. closing out its worst m
abigail: we do have big movers on the day starting out with equifax. down 13%, its worst day since 1999. there was a massive online security breach of the credit bureau. hackers may have gotten the information on as many as 143 million. and there is evidence executives sold shares the day after the hack. investors clearly not liking any of it. turning to big movers, read resources down 7%. emp downgraded to neutral. it is now down to 52% this year. freeport mcmoran having a rough day, down 6%....
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Sep 17, 2017
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what comes next after the equifax breach? all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor in chief megan murphy.
what comes next after the equifax breach? all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor in chief megan murphy.
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Sep 10, 2017
09/17
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the equifax hack was one of the biggest. they may have coverage for more than $150 million, but the expenses would be many times that amount. it put as many as 143 million consumers at risk, only reported last week though it happened in july. haidi: jps has handed himself to police following a supreme court order. the chief prosecutor said batista and another company executive -- concession to corruption and other crimes. they will receive protection in return for the admission. have: uber and lyft been offering free rides to shelters in tampa. the emergency management publicized the free ride on the twitter feed and will review mobile services listed. they were also giving free rides. this is bloomberg. ♪ ♪ ♪ so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations
the equifax hack was one of the biggest. they may have coverage for more than $150 million, but the expenses would be many times that amount. it put as many as 143 million consumers at risk, only reported last week though it happened in july. haidi: jps has handed himself to police following a supreme court order. the chief prosecutor said batista and another company executive -- concession to corruption and other crimes. they will receive protection in return for the admission. have: uber and...
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Sep 8, 2017
09/17
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the credit monitoring company equifax said the breach exposed social security information and data from 140 million americans. intruders accessed names, social security numbers, birthdates, addresses driver's , license numbers. we'll keep you updated as that story develops. coming up, the final part of my exclusive interview with michael dell, discussing the relationship between silicon valley and the white house. and why he is glad he had that meeting with president trump. this is bloomberg. ♪ emily: square is branching into banking. the fintech firm plans to submit an application thursday to form a wholly owned bank based out of utah. the unit will offer loans and deposit accounts to small businesses and be capitalized with $56 million in cash according to the "wall street journal." the move by square comes at a time when federal regulators are giving their blessing to start-up banks after the clamp-down on new banks following the financial crisis. president trump has stirred controversy with business leaders across the country. but michael dell says he's glad he interacted with the
the credit monitoring company equifax said the breach exposed social security information and data from 140 million americans. intruders accessed names, social security numbers, birthdates, addresses driver's , license numbers. we'll keep you updated as that story develops. coming up, the final part of my exclusive interview with michael dell, discussing the relationship between silicon valley and the white house. and why he is glad he had that meeting with president trump. this is bloomberg....
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Sep 17, 2017
09/17
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what comes next after the equifax breach? all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor
what comes next after the equifax breach? all that ahead on "bloomberg businessweek." ♪ carol: we are here with editor
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Sep 11, 2017
09/17
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equifax is under criticism. compasspoint is facing hearings in both chambers of congress. as well. there is a a lot of scrutiny right now. scarlet: dick durbin, the senator from illinois, making panyents that said the com is an example of why regulation is needed. it is not as if we can fire the company if we have been affected. we can't do anything about it if we have -- if they have our information. >> they are one of three creditors. that is one of the reason why analysts haven't got much more negative. bloomberg analysts ratings on the stock, there are no sell ratings. analysts are saying if there is a risk, it is a short-term. we've learned from these breaches in the past, but it is not necessarily a long-term affect. julia: great to get your insights. durbin, he isck said to be pushing congress to act on daca. lawmakers can't abandon the dreamers. he joins us from our washington bureau. great to have you on the show, senator. said in ann interview over the weekend that legalizing daca could cost the republicans the house in the midterms. is he being hysterical? when 76% of th
equifax is under criticism. compasspoint is facing hearings in both chambers of congress. as well. there is a a lot of scrutiny right now. scarlet: dick durbin, the senator from illinois, making panyents that said the com is an example of why regulation is needed. it is not as if we can fire the company if we have been affected. we can't do anything about it if we have -- if they have our information. >> they are one of three creditors. that is one of the reason why analysts haven't got...
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Sep 7, 2017
09/17
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equifax says there was a cyber security incident that potentially impacts about 143 million u.s. consumers. the information accessed primarily includes names, social security numbers, birth dates, instances,nd in some driver's license numbers. it just seems to me that 143 a small number given how many are affected by and the stock off by after-hours trade. abigail: hurricane jose is a category three hurricane, according to the national hurricane center. these hurricanes don't seem to stop. harvey, irma, jose and katia, i behind that. from new york, this is bloomberg. scarlet: "what did you miss?" the 2017 nfl season kicks off tonight with the new england patriots hosting the kansas city chiefs. backdrop is that tv viewership for the nfl was down last season. of thatto consider all as everyone in media gets ready for the new season. that andiscuss all of the wider world of sports business is leo hindery, partner of intermedia partners. thanks for joining us. to anything else, we had the ratings decline in the nfl season last year. one-offgree it was a with the election that people
equifax says there was a cyber security incident that potentially impacts about 143 million u.s. consumers. the information accessed primarily includes names, social security numbers, birth dates, instances,nd in some driver's license numbers. it just seems to me that 143 a small number given how many are affected by and the stock off by after-hours trade. abigail: hurricane jose is a category three hurricane, according to the national hurricane center. these hurricanes don't seem to stop....
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Sep 7, 2017
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that comes on the back of the news of equifax saying they were the victim of a cyber attack that could have had up to 143 million customers. one of the biggest cyber attacks in history. we will keep following the headlines from the fallout. that stock getting hugely hit in the after hours. haidi: pick your event risk. we will speak to bank of america, maryland, talking about these gdp numbers coming up from japan. this is bloomberg. ♪ betty: we are counting down to asia's first major market open this morning. japanese futures are looking pretty flat. we will be getting final gdp numbers from japan. are we going to see continued growth in these numbers in japan? this is "daybreak asia." i am betty liu in new york. haidi: i am haidi lun in sydney. they say it is not sustainable. we are expecting second-quarter gdp numbers from japan any moment now. economists we spoke to are expecting 2.9% annualized growth. our next guest is not too optimistic. great to see you again on gdp day. why do think the number is too optimistic? we had growth pickup that cannot be sustained? first of all, we
that comes on the back of the news of equifax saying they were the victim of a cyber attack that could have had up to 143 million customers. one of the biggest cyber attacks in history. we will keep following the headlines from the fallout. that stock getting hugely hit in the after hours. haidi: pick your event risk. we will speak to bank of america, maryland, talking about these gdp numbers coming up from japan. this is bloomberg. ♪ betty: we are counting down to asia's first major market...
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Sep 13, 2017
09/17
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we are watching equifax, those have plunged 30% since it came becausead been exposed of security vulnerability. 143 million people have, up -- hacked. senators want them to get to the bottom of whether the violations were done by managers when they sold stock after they found out they were hacked. this company will pay $4 billion to buy fidelity care to enter new york's mass-market. it is associated with the catholic church in new york. swatch swiss shares of work and reading up -- were trading up. -- trading lower because of apple stocks. other stocks we are watching, looks like president trump is blocking a band for lattice semiconductor from china. it is a china back to bid that would try to get the government behind this, but it does not look like it was successful in doing so. we are seeing bouncing around in the after-hours, but not much reaction as of yet to this headline coming out. betty: and there was already -- raisedalready a red flag in the united states. they have been concerned with mitigation efforts. it hit donald trumps desk and he said no way, jose. the fourth time in a quar
we are watching equifax, those have plunged 30% since it came becausead been exposed of security vulnerability. 143 million people have, up -- hacked. senators want them to get to the bottom of whether the violations were done by managers when they sold stock after they found out they were hacked. this company will pay $4 billion to buy fidelity care to enter new york's mass-market. it is associated with the catholic church in new york. swatch swiss shares of work and reading up -- were trading...
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Sep 11, 2017
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reeling -- equifax reeling. risk on is the story here. you go far to the right and see we begin to drop going into september. here is the big drop here as investors rush back in. the calculations, betty, ask how bad could the damage be from irma? and a lot of economists are be ey andating the harv irma damage. it could take a 1% drop and knock off the gdp. what we are hearing from many economists is that it will definitely throw the economy almost -- that will not change. bank of america is saying the hearty damage, likely, will be at 108 billion dollars, close to what was originally thought. moody's is saying the irma damage is anywhere from $49 billion to up to $92 billion. that is still a sizable member, but again, fairly big production from we thought, dodging a cannon. that is the apt analogy here. that man is or why the market is once again -- anchor: just a huge sigh of relief. ? all right. thank you so much. more on the north korean sanctions. they are going to cut deep. we will get reaction from hoover institution research in a f
reeling -- equifax reeling. risk on is the story here. you go far to the right and see we begin to drop going into september. here is the big drop here as investors rush back in. the calculations, betty, ask how bad could the damage be from irma? and a lot of economists are be ey andating the harv irma damage. it could take a 1% drop and knock off the gdp. what we are hearing from many economists is that it will definitely throw the economy almost -- that will not change. bank of america is...
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Sep 11, 2017
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bloomberg has been told that equifax may not have sufficient coverage to cover the cost of one of the biggest hacks in history. sources say it may cover up to $150 million, but it is expected it may be many times that amount. the hack in july affected 143 million customers. it was only reported last week. embraer many consider building a factory in china, marking a return after it shut down. the brazilian company ceo says it is a possibility if they can find the right partner and customer support. they see demand in china for about 1000 planes over the next two decades. that will depend on where demand comes from. we talked about the surprise strength as far as headline numbers were concerned as you look at chinese producer price inflation. 6.3%, not bad. we are joined by the head of --an securities at mccoury's at mccoury securities. the overshoot in terms of reflation was due to a couple of factors. one is non-tradable sector, a third is commodity prices. the question is is it reflective of the demand or is it reflective of cuts in capacity that occurred? it is far more reflective o
bloomberg has been told that equifax may not have sufficient coverage to cover the cost of one of the biggest hacks in history. sources say it may cover up to $150 million, but it is expected it may be many times that amount. the hack in july affected 143 million customers. it was only reported last week. embraer many consider building a factory in china, marking a return after it shut down. the brazilian company ceo says it is a possibility if they can find the right partner and customer...
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Sep 16, 2017
09/17
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either equifax wasn't watching what happened or weren't paying attention. consumers need to do the same thing. you need to monitor your transactions look when something goes wrong. >> equitax's breach is one of the largest on record. maybe not as large as the yahoo! cyber attacks last year, but much more private, sensitive information. things people can do bad things with how did it happen? >> absolutely, if this was dollars instead of data, i believe equifax would have caught it quicker and respond better. >> because it's our data, not their data, it's not their problem, it becomes my problem. >> they either weren't watching how these files were accessed, they didn't know who had access to them, the didn't know this kind of sensitive information was there, weren't preventing the long people from access, weren't paying attention on all of the above. >> you're being kind to them not only have they allowed this to happen, their response has been phenomenally awful. you can't find out for sure if you were exposed, at this point. what do you think of this situa
either equifax wasn't watching what happened or weren't paying attention. consumers need to do the same thing. you need to monitor your transactions look when something goes wrong. >> equitax's breach is one of the largest on record. maybe not as large as the yahoo! cyber attacks last year, but much more private, sensitive information. things people can do bad things with how did it happen? >> absolutely, if this was dollars instead of data, i believe equifax would have caught it...
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Sep 8, 2017
09/17
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, but equifax itself. is that then falling on the bank who you went through to get your data to equifax? i'm not sure where it will land. equifax down sharply this is what they do, which is why it is such a hit >> fib fb locoming up a look at shakeup. das st rtoy'mueads are coming up al... al... ...has grown into an enterprise. that's why i switched to the spark cash card from capital one. now, i'm earning unlimited 2% cash back on every purchase i make. everything. which adds up to thousands of dollars back every year... ...and helps keep my passion growing... ...in every direction. what's in your wallet? hey, how's it going? um... who are you? i'm val. the orange money retirement squirrel from voya. i represent the money you save for the future. see? we're putting away acorns to show the importance of being organized. that's smart. who's he? he's the green money you can spend now. what's up? oh you know, gonna pay some bills, maybe buy a new tennis racket. tennis racket for a squirrel? he's got a killer
, but equifax itself. is that then falling on the bank who you went through to get your data to equifax? i'm not sure where it will land. equifax down sharply this is what they do, which is why it is such a hit >> fib fb locoming up a look at shakeup. das st rtoy'mueads are coming up al... al... ...has grown into an enterprise. that's why i switched to the spark cash card from capital one. now, i'm earning unlimited 2% cash back on every purchase i make. everything. which adds up to...
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Sep 18, 2017
09/17
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tomorrow night senator elizabeth warren will be here to address equifax. and i bet she brings up that wells fargo situation. she's concerned about boards and ethics and what to do with people who violate what she thinks is the law. i'd like to say there's always a mark somewhere i promise i'd find it for you here on "mad money. i'm jim cramer and i'll set see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is brenda coffman, and i'm from kokomo, indiana. (whirs) i own and operate retail cookie stores throughout the state of indiana and florida. i am a hometown girl, and i married my high school sweetheart, and we have two wonderful children who are the pride and joy of our life.
tomorrow night senator elizabeth warren will be here to address equifax. and i bet she brings up that wells fargo situation. she's concerned about boards and ethics and what to do with people who violate what she thinks is the law. i'd like to say there's always a mark somewhere i promise i'd find it for you here on "mad money. i'm jim cramer and i'll set see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a...
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Sep 8, 2017
09/17
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. >>> what do equifax, chipolte and wells fargo have in common equifax announced the cyber attack yesterday expoguing the data of customers while cowen out with a note saying chipolt ler will never fully recover frm its big health scare and it is wells fargo's wen year anniversary of the fake account stand, so so far this year, all three have underperformed the s&p 500, so are these brands damaged beyond repair? if so, is that the case for these stocks as well >> damage beyond repair, i'm not sure of those three, equifax just happening now. l the other two, what's interesting about them is that they had continual problems, so chipol chipoltle had different issues i i think this is a bigger deal than most think for equifax. if i'm checking credit, how do i know that their database is accurate i would never use them i'd go to trans union. i think they're toast. >> i agree the reason for our downgrade was a survey andrew childs is an amazing analyst. he did a survey with all of the deep dives he talks to here's the issue with walmart. the brand is damaged no question about it however, they've
. >>> what do equifax, chipolte and wells fargo have in common equifax announced the cyber attack yesterday expoguing the data of customers while cowen out with a note saying chipolt ler will never fully recover frm its big health scare and it is wells fargo's wen year anniversary of the fake account stand, so so far this year, all three have underperformed the s&p 500, so are these brands damaged beyond repair? if so, is that the case for these stocks as well >> damage...
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Sep 8, 2017
09/17
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equifax discovered the breach july 29th. the data exposed includes names, birth dates, addresses, driver's licenses and social security numbers. this is one of the largest breaches we've ever seen still smaller than the yahoo! breaches of last year, but 143 million americans. you can see if you were affected by going to equifax.com, i have heard reports about that website being difficult to navigate if you can get into it. >> i did it last night it's even unclear to me how it works. whoever designed it did a terrible job i'm sorry to say i don't know if they did it in a rush or what the issue is. you put your name in, your six last social security digits, you click through to this page, then it's supposed to tell you whether you are safe or not, in my case it didn't say, so i'm hoping that means i'm safe, then it tries to put you -- to enroll you in some kind of trusted i.d. program, which -- >> thanks. >> gowhich given what happened - then they set up a date for you to come back to them they have so many people coming back
equifax discovered the breach july 29th. the data exposed includes names, birth dates, addresses, driver's licenses and social security numbers. this is one of the largest breaches we've ever seen still smaller than the yahoo! breaches of last year, but 143 million americans. you can see if you were affected by going to equifax.com, i have heard reports about that website being difficult to navigate if you can get into it. >> i did it last night it's even unclear to me how it works....
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Sep 8, 2017
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we'll talk about that and the other big story we're following is the mass you have data breach at equifax which may have seen data stolen from nearly half of the u.s. population. we'll talk about what could happen to the stock, how you can protect your personal data from future hack attacks as well. >> yeah, with the stock down 13% and the worst performer in the s&p 500 today which is down a point and a half right now let start our full coverage of hurrican irma it is a does near landfall in florida. wmaq meteorologist kaylee dieion is tracking the storm's path and jackie deangelis with a look at final preparations being made and morgan brennan with a look at how difficult it is to get out of florida and how the theme parks are bracing. >> had an update over the last hour the national hurricane center has upped the wind speeds after the hurricane hunters went into the storm. 155 miles per hour 5 miles per hour and two away from a category 5. yes, it's still considered a category 4, but it's pretty much a category 5 it's a strong hurricane. it's a huge hurricane that continues to move to t
we'll talk about that and the other big story we're following is the mass you have data breach at equifax which may have seen data stolen from nearly half of the u.s. population. we'll talk about what could happen to the stock, how you can protect your personal data from future hack attacks as well. >> yeah, with the stock down 13% and the worst performer in the s&p 500 today which is down a point and a half right now let start our full coverage of hurrican irma it is a does near...
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Sep 13, 2017
09/17
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that equifax will make changes. it's not helping the stock it is down 12% today and down 28% in the past week and three dozen senators are asking the sec to investigate the firm over alleged executive stock sales. >> if you are one of the millions of the equifax breach and chat bot without hiring a lawyer it's the brain child of a student. this bot is just the beginning of his bold plan to make the law free for everyone. josh, it's great to have you on "power lunch." thanks for joining us. >> thanks for having me. i think it's the beginning offic maing the law free and the end of equifax. >> let's first talk about how this can be used to sue equifax. what exactly do you do and how does this chatbot work >> it's a unique legal approach. unlike a class action, consumers in all 50 states where equifax does business can take them to small claims court this is a great approach because it means that equifax can't pay lawyers. lawyers are often not allowed in these proceedings and the judges are very reasonable. so you can
that equifax will make changes. it's not helping the stock it is down 12% today and down 28% in the past week and three dozen senators are asking the sec to investigate the firm over alleged executive stock sales. >> if you are one of the millions of the equifax breach and chat bot without hiring a lawyer it's the brain child of a student. this bot is just the beginning of his bold plan to make the law free for everyone. josh, it's great to have you on "power lunch." thanks for...
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Sep 14, 2017
09/17
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we are bullish on equifax. we think that equifax and trans union and experian, the three bureaus formed such an important, and restricting their business and deploying ability to deploy data that's unpalatable in terms of what it means on banking >> we don't know what's going to happen there is congressional testimony risk there is more headline risks why not factor that a little bit into your equity rating, given that we have no idea what's going to happen with this company? >> sure. i think the risk is what creates the opportunities. as you know, the stock is down a lot and certainly, i adjusted my ratings last friday, for example, i could have accommodated that. i maybe be coming back a week later and changing my rating. my view is much of that risk is priced in. the risk that you mentioned, the headline risk and etcetera, what i consider is a tactical risk. i operate under the assumption that the under line model remains effective. >> why is that >> why is the under line business models are not affected the
we are bullish on equifax. we think that equifax and trans union and experian, the three bureaus formed such an important, and restricting their business and deploying ability to deploy data that's unpalatable in terms of what it means on banking >> we don't know what's going to happen there is congressional testimony risk there is more headline risks why not factor that a little bit into your equity rating, given that we have no idea what's going to happen with this company? >>...
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Sep 27, 2017
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shares of nike are down this after earnings >> in the wake of the equifax hack richard cordray will join us live. >>> the gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. the pass through businesses lower to 25. rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the standard deduction child tax credit would be substantially increased, although in these early days, politico saying, jim, that top individual rate is still the focus of some delate abate and a surcharge for the wealthy. we have to wait and see. >> those of us in high-state can calculate what a 35 to 39 drop and it is a bast to 42, 43 if you're in a high-tax state, this is terrible for you, for rich people. >> well, because of the no longer the deductibility. >> now when i say it's terrible, it's relative. i am not saying rich people -- i have to say, some states it's a wind fall, some states it's not. this is the first
shares of nike are down this after earnings >> in the wake of the equifax hack richard cordray will join us live. >>> the gop slated to release the framework of its tax reform proposal multiple sources saying it is expected to include a cut in the corporate rate from 25 to 20 higher than the 15 favored by the president. the pass through businesses lower to 25. rates of 12, 25 and 35 the plan would also eliminate the deduction for state and local taxes and nearly double the...
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Sep 19, 2017
09/17
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that's why this is so bad equifax is out there collecting data most americans don't know that equifax is collecting the data and they are selling that to companies. it is their job to safe guard that data. what's worse is now that it appears they knew about this breach but did not tell the public about it until several weeks later. and what's really bad is this whole time there was a computer patch available that would have prevented the exploitation of this information all have been brought up many times we have dmoknown about it >> which is an important point we talk a lot about facebook and twitter and privacy and when we sign up for these products and things, we are either knowingly or unknowingly giving away our rights to privacy. that choice never happens with any of the credit rating agencies, you know normally, if something like this would happen, the customers might turn their backs on the product but the customers are really the banks and not the individuals, how do we gaet in behavior that would lead to banks that we are not going to use this particular company >> that's wh
that's why this is so bad equifax is out there collecting data most americans don't know that equifax is collecting the data and they are selling that to companies. it is their job to safe guard that data. what's worse is now that it appears they knew about this breach but did not tell the public about it until several weeks later. and what's really bad is this whole time there was a computer patch available that would have prevented the exploitation of this information all have been brought up...
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Sep 8, 2017
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what is the passing of information within equifax that could allow him to sell the stock at such a bad moment corporate governance is going to be questioned for sure >> all right thanks don't forget, coming up on october 4th, the cybersecurity summit presented by cnbc and aspen institute, executives perfect facebook, uber, palo alto networks and many more. >>> something tells me this is going to the top of that agenda. still to come, a media meltdown. comcast, cbs, diz necessity and more feeling the pain from increased competition. warning on results for most of them dad: molly, can you please take out the trash? (sigh) ( ♪ ) dad: molly! trash! ( ♪ ) whoo! ( ♪ ) mom: hey, molly? it's time to go! (bell ringing) class, let's turn to page 136, recessive traits skip generations. who would like to read? ( ♪ ) molly: i reprogrammed the robots to do the inspection. it's running much faster now. see? it's amazing, molly. thank you. ( ♪ ) thank you. oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to t
what is the passing of information within equifax that could allow him to sell the stock at such a bad moment corporate governance is going to be questioned for sure >> all right thanks don't forget, coming up on october 4th, the cybersecurity summit presented by cnbc and aspen institute, executives perfect facebook, uber, palo alto networks and many more. >>> something tells me this is going to the top of that agenda. still to come, a media meltdown. comcast, cbs, diz necessity...
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Sep 26, 2017
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equifax will still have to sort itself out, i was surprised the stock fell this morning. even if it gave the full point i put smith on the "mad money" wall of shame. everyone knows when one of these wall of shamers step down it results in higher prices however, even as i take him down, i'm sensing smith, sentencing him to a life time of checking his bank account balance daily like the rest of us, because senator elizabeth warren said on our show, who knows when the bad guys will strike anyway, richard smith i'll give you this i guess that's what happened whether you didn't spend enough on cyber security and immediately come forward when you were hacked. with smith gone, equifax is closer to earning back the market's trust >>> jerry in utah. >> caller: boo ya to you jim >> my daughter's there right now. thank you what's going on? >> caller: based on the weather problems in caribbean do you think nor wee began cruise lines a good buy right now >> i like that cruise line and caribbean, but i am a carnival man start to finish. why? carnival is run by arnold donald shawn in al
equifax will still have to sort itself out, i was surprised the stock fell this morning. even if it gave the full point i put smith on the "mad money" wall of shame. everyone knows when one of these wall of shamers step down it results in higher prices however, even as i take him down, i'm sensing smith, sentencing him to a life time of checking his bank account balance daily like the rest of us, because senator elizabeth warren said on our show, who knows when the bad guys will...
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Sep 8, 2017
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the fact that equifax is used as you mentioned, data is the new oil. a company that prided itself of so souls and services as a way to protect your protection, they were sloppy in their cyber protection >> should it be this big and having much access this much in the first place? >> you know we look at equifax with the amount of data they have and there is been stories of the last couple of days about facebook in terms of rush what probe and activities of facebook selling ads. you think of the way we use data and seocial media, any time we interact with these systems, we add more enterprises. it gives them more oil and data. i am a business guy, i believe in business being successful we are in a brand new world here of vulnerabilities around cyber, i don't think business, government or frankly most individuals are fully thought there through. >> we are thinking about it now, senator mark warner. >> i don't know about the metaphor frankly >> keep using it if you want >> the other issue that we talktal talked about earlier is the cfo, two days after they
the fact that equifax is used as you mentioned, data is the new oil. a company that prided itself of so souls and services as a way to protect your protection, they were sloppy in their cyber protection >> should it be this big and having much access this much in the first place? >> you know we look at equifax with the amount of data they have and there is been stories of the last couple of days about facebook in terms of rush what probe and activities of facebook selling ads. you...